| 英文摘要: | Because many people are ill equipped to make complex financial decisions on their own, financial advisers can provide a valuable service in helping investors make such decisions. Given that conflicts of interest may influence advisers' behavior in ways that may be detrimental to their clients' interests, it is informative to examine how countries around the world have used regulation to try to improve the quality of financial advice, and how the regulatory tools used have affected their respective financial advice markets. This review compares the financial advice markets in the United States, the United Kingdom, Australia, Germany, Singapore, and the European Union, for a cross-section of countries that recently made regulatory changes aimed at improving financial advice. |